Money Market: Bank deposits rise by 2.34pc

DEPOSITS and other accounts of all scheduled banks stood at Rs11,980.69 billion on June 30, a rise of 2.34 per cent over the preceding week and 14.5pc over the comparable period of the last year.

Deposits and other accounts of all commercial banks rose 2.38pc week-on-week to Rs11,913.58bn, according to the weekly statement of position of all scheduled banks for the week ended June 30. Deposits and other accounts of specialised banks, however, fell 4.94pc to Rs67.116bn.

Total assets of all scheduled banks stood at Rs16803.03bn, higher by 2.05pc over preceding week’s Rs16,465.71bn. The figure was higher by 14.48pc compared to last year’s corresponding figure of Rs14,677.63bn.

Investments of all scheduled banks showed a rise of 0.67pc. Compared to last year’s corresponding figure the current week’s figure is higher by 7.56pc

Total assets of all commercial banks stood at Rs16,546.32bn, higher by 2.08pc over previous week’s figure of Rs16,208.41bn, while total assets of specialised banks at Rs256.7bn were lower 0.23pc over the previous week’s Rs257.29bn.

Gross advances of all scheduled banks stood at Rs6,176.31bn, higher by 2pc over the preceding week’s figure of Rs6,056.18bn. Compared with last year’s corresponding figure of Rs5,270.97bn, current week’s figure was higher by 17.2pc.

Advances by all commercial banks increased to Rs6,005.82bn from previous week’s Rs5,886.44bn, indicating a rise of 2.03pc, whereas advances of specialised banks stood at Rs170.49bn against previous week’s 169.74bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 4.81pc to Rs2,654.89bn against previous week’s Rs2532.98bn. Compared to last year’s corresponding figure of Rs2,222.27bn, current week’s figure was higher by 19.47pc.

Chart by Rehan Ahmed

Borrowings by commercial banks in the week at Rs2,613.989bn were higher by 4.85pc against previous week’s Rs2,492.986bn. Borrowings by specialised banks stood at Rs40.91bn against the previous week’s Rs39.997bn.

Investments of all scheduled banks stood at Rs8,166.143bn against preceding week’s figure of Rs8,111.798bn, showing a rise of 0.67pc. Compared to last year’s corresponding figure of Rs7,592.280bn, current week’s figure is higher by 7.56pc.

Investments by all commercial banks stood at Rs8,117.62bn, higher by 0.68pc against preceding week’s figure of Rs8,062.417bn, whereas investment by all specialised banks stood at Rs48.523bn against preceding week’s figure of Rs49.38bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs1,122.866bn against previous week’s Rs1,028.546bn, showing a rise of 9.2pc. Current week’s figure increased by 46.87pc compared to last year’s corresponding figure of Rs764.513bn.

Cash and balances of all commercial banks stood at Rs1,117.569bn, up 9.08pc over previous week’s Rs1,024.503bn. Cash and balances of all specialised banks were higher by 31.02pc at Rs5.29bn against the preceding week’s Rs4.043bn.